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Mercedes-Benz pauses EV deliveries to the US as demand falters

By Alessandro Parodi and Amir Orusov (Reuters) -Mercedes-Benz will pause deliveries of its EQ electric range to the United States, the carmaker said on Wednesday as it responded to slowing demand and high inventories at dealerships. Since President Donald Trump’s spending bill earlier this month ...
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AEP beats profit estimates, expects new five-year capital plan of $70 billion

(Reuters) -American Electric Power beat Wall Street estimates for second-quarter profit on Wednesday, and said it expects to announce a new, five-year capital plan this fall of about $70 billion to meet growing energy needs in the U.S. Shares were up 1% at $110.34 in ...
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US Treasury keeps notes, bonds auction sizes steady, increases debt buybacks

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. Treasury Department said on Wednesday it does not anticipate increasing auction sizes for notes and bonds for at least the next several quarters, in line with market expectations, as it announced a $125 billion refunding from August ...
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KKR partners with Capital Group to launch fund blending public and private equity

By Niket Nishant (Reuters) -KKR and Capital Group will launch a fund that will give investors exposure to both private and public equity, the investment firms said on Wednesday, as appetite rises for diversification beyond traditional assets. The fund, called Capital Group KKR U.S. Equity+, ...
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Airbus posts higher quarterly profit, maintains forecasts

By Tim Hepher PARIS (Reuters) -European planemaker Airbus on Wednesday posted a higher-than-expected second-quarter profit, boosted by its defence and helicopter units, and maintained full-year forecasts as it aims to reverse a drop in jetliner deliveries. The world’s largest jetmaker – which also makes satellites, fighters ...
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Chevron granted restricted US license to operate in Venezuela, sources say

By Marianna Parraga HOUSTON (Reuters) -Chevron has been granted a restricted U.S. license to operate in sanctioned Venezuela, three sources close to the decision said on Wednesday, adding that no money from oil proceeds can be transferred in any way to the administration of ...
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Italy’s Leonardo improves 2025 guidance on orders, cash, net debt

ROME (Reuters) -Italy’s aerospace and defence group Leonardo on Wednesday improved its 2025 guidance for orders, free cash flow and net debt, after posting “solid” results for the first six months of the year. “First-half 2025 results confirm the Group’s solid industrial momentum, with a ...
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Miu Miu growth helps Prada to defy luxury downturn

By Elisa Anzolin MILAN (Reuters) -Prada reported a 9% increase in first half net revenues at constant currencies on Wednesday, with its smaller but fast expanding Miu Miu brand helping it to buck a weak sector trend. Net revenue at the family-owned group, which will soon ...
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Hershey beats quarterly estimates on strong Easter demand

(Reuters) -Hershey beat analysts’ sales and profit estimates for the second quarter on Wednesday, driven by demand during Easter for its confectionery goods and salty snacks. The company said it expects tariff expenses to be between $170 million and $180 million for the full ...
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Buffalo Sabres home arena to remain KeyBank Center after reaching 10-year naming rights extension

BUFFALO, N.Y. (AP) — The Buffalo Sabres’ home arena will continue being called the KeyBank Center after the two sides announced a 10-year naming rights extension on Wednesday. The new deal will kick in next year and run through 2035-36. The Cleveland-based bank has a ...
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Edmunds small luxury SUV test: 2025 Acura ADX vs 2025 BMW X1

The 2025 Acura ADX is all-new this year, and it takes its place as Acura’s smallest and least expensive crossover SUV. If you think Acura’s RDX or MDX are too big or too expensive, the entry-level ADX could very well satisfy. Among many rivals ...
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As Trump’s tariff deadline looms, a clothing factory in the tiny African nation of Lesotho goes dark

MASERU, Lesotho (AP) — The deafening roar of hundreds of sewing machines has gone silent. Spools of thread in every color are covered in dust. The warehouse is dark and empty. In the tiny African nation of Lesotho, clothing manufacturer Tzicc’s business has dried up ...
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